Policy rates may be kept low for the foreseeable future, with frequent interventions by way of liquidity injection and market operations, says MAHENDRA KUMAR JAJOO, chief investment officer-fixed income, Mirae Asset Management India.
In conversation with Ashley Coutinho, he says the focus on credit-related complications is symptomatic of a recency bias amid the Covid-19 pandemic. Edited excerpts: What do you make of the policy decisions taken by the Reserve Bank of India (RBI) last week? The RBI announced a series of confidence-building measures, including commitment to conduct
